Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd boosted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 9.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 96,686 shares of the financial services provider's stock after acquiring an additional 8,057 shares during the period. IFM Investors Pty Ltd's holdings in Marsh & McLennan Companies were worth $21,570,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Calamos Wealth Management LLC grew its stake in Marsh & McLennan Companies by 1.2% in the 1st quarter. Calamos Wealth Management LLC now owns 52,736 shares of the financial services provider's stock valued at $12,869,000 after acquiring an additional 631 shares during the last quarter. Calamos Advisors LLC lifted its holdings in Marsh & McLennan Companies by 4.5% in the 1st quarter. Calamos Advisors LLC now owns 276,184 shares of the financial services provider's stock valued at $67,397,000 after purchasing an additional 11,992 shares in the last quarter. Checchi Capital Advisers LLC lifted its holdings in Marsh & McLennan Companies by 1.5% in the 1st quarter. Checchi Capital Advisers LLC now owns 6,444 shares of the financial services provider's stock valued at $1,573,000 after purchasing an additional 94 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Marsh & McLennan Companies by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 840,293 shares of the financial services provider's stock valued at $205,057,000 after purchasing an additional 3,600 shares in the last quarter. Finally, Mutual Advisors LLC lifted its holdings in Marsh & McLennan Companies by 15.4% in the 1st quarter. Mutual Advisors LLC now owns 3,569 shares of the financial services provider's stock valued at $871,000 after purchasing an additional 477 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Trading Down 0.1%

NYSE MMC traded down $0.30 during mid-day trading on Friday, hitting $212.43. The company's stock had a trading volume of 1,711,836 shares, compared to its average volume of 1,963,196. Marsh & McLennan Companies, Inc. has a 52-week low of $207.21 and a 52-week high of $248.00. The stock's fifty day simple moving average is $223.77 and its two-hundred day simple moving average is $224.62. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $104.67 billion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 2.64 and a beta of 0.80.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, beating the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a net margin of 16.13% and a return on equity of 32.19%. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.08 billion. During the same quarter last year, the firm posted $2.89 earnings per share. Research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on MMC. Jefferies Financial Group upped their target price on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a report on Friday, April 11th. Barclays upped their target price on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a report on Friday, April 11th. Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price objective on the stock. UBS Group increased their price objective on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a report on Wednesday, April 9th. Finally, Wells Fargo & Company increased their price objective on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a report on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $241.93.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.